ECR Dec 2004 Payback

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:30AM in AAT student discussion
OK<BR><BR>I'm on page 14 of and have tried several times to calculate payback to the answer m(2yrs 9mnth) I have worked it out to 2yrs 240 days which is 2yrs 8mnths. Anyone got any ideas or am I being a bit thick after sitting here revising all day!!!!!!!!!!!!!!

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    ECR Dec 2004 Payback - s/b Dec 2003

    I am having exactly the same problem. I thought I was getting on really well until then!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ECR Dec 2004 Payback - s/b Dec 2003

    I, too, was going round in circles because I had 2 years 11 months but then realised that it was 2 point 9 years not 2 years 9 months. This is calculated as 290/320 (amount still outstanding divided by net cashflow for year).
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ECR Dec 2004 Payback - s/b Dec 2003

    Ive responded to the other e mail but I agree is should be 2.9 years or 2 year and 11 months.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ECR Dec 2004 Payback - s/b Dec 2003

    I did that 2003 paper this morning and the december 2004 one.<BR>I got 2.9 years and wrote both 2yrs 11 months and 2.9.<BR>either one i would assume in the exam would be correct.<BR><BR>Only thing i didnt get 100% correct in both papers is the wording for the stupid memos.<BR>I just cant get my head around the correct wording - as per their answers.<BR>I get the same sort of answers but in a very long winded waffled format.<BR><BR>Memo's are a real worry to me now.<BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ECR Dec 2004 Payback - s/b Dec 2003

    Memos are my biggest weakness too! One of the girls at college leaves them all till the end and then spends all spare time planning them on a blank piece of paper. I have found this helps me a little to at least leave out all the irrelevant rubbish that i tend to waffle on about but I am concerned about leaving them til the end. I dont suppose that anyone has other suggestions?<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ECR Dec 2004 Payback - s/b Dec 2003

    I'm totally stuck on this payback question (task 2.4a).<BR>I don't know how you get 2.9 years. I'm completely blank.....<BR>Please refresh my memory.....?

Categories

Privacy Policy